A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

published:04 Mar 2017

views:68636

Tax havens and offshore accounts and trusts, detailed in the ParadisePapers, are used by the world's wealthiest to legally avoid paying taxes. Here's how they work and why they are a problem.
To read more: http://www.cbc.ca/paradisepapers
SOURCE LIST:
CBCNews | Paradise Papers investigation
http://www.cbc.ca/paradisepapers
International Consortium of Investigative Journalists | Paradise Papers investigation
https://www.icij.org/investigations/paradise-papers/
CBC News | Tax havens: How the rich hide money
http://www.cbc.ca/news2/interactives/offshore-tax-havens/index.htmlICIJ | Tax havens 101: The high cost of going offshore
https://www.youtube.com/watch?v=gy2RgjIIZyA
CBC News | Huge offshore data leak reveals financial secrets of global elite — from the Queen to former PMs http://www.cbc.ca/1.4387338
CBC News | How Canada got into bed with tax havens
http://www.cbc.ca/1.3641278
CBC News | Deals Canada signed to catch tax cheats allow billions in taxes to escape
http://www.cbc.ca/1.3639597
CBC News | Canadian ties exposed in leaked Bahamas tax-haven data
http://www.cbc.ca/1.3771867
Department of Finance Canada | Tax Information Exchange Agreements
https://www.fin.gc.ca/treaties-conventions/tieaaerf-eng.asp
»»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS
Connect with CBC News Online:
For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX
Find CBC News on Facebook: http://bit.ly/1WjG36m
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For breaking news on Twitter: http://bit.ly/1WjDyks
Follow CBC News on Instagram: http://bit.ly/1Z0iE7O
Download the CBC News app for iOS: http://apple.co/25mpsUz
Download the CBC News app for Android: http://bit.ly/1XxuozZ
»»»»»»»»»»»»»»»»»»
For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.

published:05 Nov 2017

views:60234

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

published:29 May 2017

views:1291

A peek inside the world of shadowy tax havens. The full story here: http://bit.ly/QFuqkX

published:22 Sep 2012

views:16267

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

published:23 May 2013

views:23228

How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

published:08 Oct 2012

views:153376

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

American companies are finding new overseas tax havens to legally protect some of their profits from the U.S. tax rate of 35 percent, among the highest in the world. Lesley Stahl reports.

published:15 Aug 2011

views:109690

"By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Google dodged about $2 billion in income taxes worldwide, Bloomberg News reports, citing financial records.
The off-shore tax shelter — legal in the United States and elsewhere — cut Google's tax rate nearly in half, Bloomberg says. Bermuda has no corporate income tax. Bloomberg says the amount saved was about 80% of the company's pre-tax profit."*
Google has employed some pretty impressive tricks in avoiding paying their taxes, keeping $2 billion they should have paid in taxes worldwide. But don't worry, someone else will pay the bill. Us. Will the U.S. government crack down on Google? Cenk Uygur knows the answer.
*Read more from Michael Winter/ USA Today:
http://www.usatoday.com/story/tech/2012/12/10/google-bermuda-shell-company-2-billion-tax-dodge/1759833/
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published:11 Dec 2012

views:6755

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
Click here for the full story: http://www.cbc.ca/1.3234876
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

published:22 Sep 2015

views:8636

Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens?
Video transcript and images: http://explainedwithmaps.com/tax-havens/

Tax shelter

Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws.

In North America, a tax shelter is generally defined as any method that recovers more than $1 in tax for every $1 spent, within 4 years.

Types of tax shelters

Some tax shelters are questionable or even illegal:

Offshore companies. Due to differing tax rates and legislation in each country, tax benefits can be exploited. Example: If Import Co. buys $1 of goods from India and sells for $3, Import Co. will pay tax on $2 of taxable income. However, tax benefits can be exploited if Import Co. is to set up an offshore subsidiary in the British Virgin Islands to buy the same goods for $1, sell the goods to Import Co. for $3 and sell it again in the domestic market for $3. This allows Import Co. to report taxable income of $0 (because it was purchased for $3 and sold for $3), thus paying no tax. While the subsidiary will have to pay tax on $2, the tax is payable to the tax authority of British Virgin Islands. Since the British Virgin Islands has a corporate tax rate of 0%, no taxes are payable.

Khan Academy

Khan Academy is a non-profit educational organization created in 2006 by educator Salman Khan with the aim of providing a free, world-class education for anyone, anywhere. The organization produces short lectures in the form of YouTube videos. In addition to micro lectures, the organization's website features practice exercises and tools for educators. All resources are available for free to anyone around the world. The main language of the website is English, but the content is also available in other languages.

In late 2004, Khan began tutoring his cousin Nadia who needed help with math using Yahoo!'s Doodle notepad.When other relatives and friends sought similar help, he decided that it would be more practical to distribute the tutorials on YouTube. The videos' popularity and the testimonials of appreciative students prompted Khan to quit his job in finance as a hedge fund analyst at Connective Capital Management in 2009, and focus on the tutorials (then released under the moniker "Khan Academy") full-time.

Ras al-Khaimah

Ras al-Khaimah (alternatively Ra'sal-Khaymah or Ras el-Kheima; Arabic:رأس الخيمة‎Rā's al-Ḫaymah) is one of the seven emirates that make up the United Arab Emirates (UAE). Its name could be taken to mean "Top of the tent" or alternatively "headland of the small hut". The emirate is in the northern part of the UAE, bordering Oman's exclave of Musandam. It covers an area of 1,684 square km. The capital city and home of most residents is also called Ras Al Khaimah. The emirate had a population of 210,063 at the 2005 Census, of which 41.82 percent or 87,848 were Emirati citizens. Latest estimates put the total population at between 250,000 and 300,000. Locals accounted for 97,529 in the population estimate for 2010.

The city has two main sections, Old Ras Al Khaimah and Nakheel, on either side of a creek. It is served by the Ras Al Khaimah International Airport. It consists of a northern part (where the city of Ras al-Khaimah is situated), and a large inland exclave in the south (near Hatta), and a few small islands in the Persian Gulf. Ras al-Khaimah has the most fertile soil in the country, due to a larger share in rainfall and underground water streams from Omani mountains.

History

The Cayman Islands remained largely uninhabited until the 17th century. While there is no archaeological evidence for an indigenous people on the islands, a variety of settlers from various backgrounds made their home on the islands, including pirates, refugees from the Spanish Inquisition, shipwrecked sailors, and deserters from Oliver Cromwell's army in Jamaica.

The first recorded permanent inhabitant of the Cayman Islands, Isaac Bodden, was born on Grand Cayman around 1661. He was the grandson of the original settler named Bodden who was probably one of Oliver Cromwell's soldiers at the taking of Jamaica in 1655.

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
Facebook : http://bit.ly/1UO9B8S
Twitter : http://bit.ly/237VM8P
Instagram : http://bit.ly/25W8SLs
About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

3:00

Paradise Papers: How tax havens work and why they are a problem

Paradise Papers: How tax havens work and why they are a problem

Paradise Papers: How tax havens work and why they are a problem

Tax havens and offshore accounts and trusts, detailed in the ParadisePapers, are used by the world's wealthiest to legally avoid paying taxes. Here's how they work and why they are a problem.
To read more: http://www.cbc.ca/paradisepapers
SOURCE LIST:
CBCNews | Paradise Papers investigation
http://www.cbc.ca/paradisepapers
International Consortium of Investigative Journalists | Paradise Papers investigation
https://www.icij.org/investigations/paradise-papers/
CBC News | Tax havens: How the rich hide money
http://www.cbc.ca/news2/interactives/offshore-tax-havens/index.htmlICIJ | Tax havens 101: The high cost of going offshore
https://www.youtube.com/watch?v=gy2RgjIIZyA
CBC News | Huge offshore data leak reveals financial secrets of global elite — from the Queen to former PMs http://www.cbc.ca/1.4387338
CBC News | How Canada got into bed with tax havens
http://www.cbc.ca/1.3641278
CBC News | Deals Canada signed to catch tax cheats allow billions in taxes to escape
http://www.cbc.ca/1.3639597
CBC News | Canadian ties exposed in leaked Bahamas tax-haven data
http://www.cbc.ca/1.3771867
Department of Finance Canada | Tax Information Exchange Agreements
https://www.fin.gc.ca/treaties-conventions/tieaaerf-eng.asp
»»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS
Connect with CBC News Online:
For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX
Find CBC News on Facebook: http://bit.ly/1WjG36m
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Download the CBC News app for iOS: http://apple.co/25mpsUz
Download the CBC News app for Android: http://bit.ly/1XxuozZ
»»»»»»»»»»»»»»»»»»
For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

1:44

How Tax Shelters Work

How Tax Shelters Work

How Tax Shelters Work

A peek inside the world of shadowy tax havens. The full story here: http://bit.ly/QFuqkX

16:50

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
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3:11

KPMG offshore tax dodge

KPMG offshore tax dodge

KPMG offshore tax dodge

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

The new tax havens

American companies are finding new overseas tax havens to legally protect some of their profits from the U.S. tax rate of 35 percent, among the highest in the world. Lesley Stahl reports.

3:55

Google's $2 Billion Tax Shelter

Google's $2 Billion Tax Shelter

Google's $2 Billion Tax Shelter

"By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Google dodged about $2 billion in income taxes worldwide, Bloomberg News reports, citing financial records.
The off-shore tax shelter — legal in the United States and elsewhere — cut Google's tax rate nearly in half, Bloomberg says. Bermuda has no corporate income tax. Bloomberg says the amount saved was about 80% of the company's pre-tax profit."*
Google has employed some pretty impressive tricks in avoiding paying their taxes, keeping $2 billion they should have paid in taxes worldwide. But don't worry, someone else will pay the bill. Us. Will the U.S. government crack down on Google? Cenk Uygur knows the answer.
*Read more from Michael Winter/ USA Today:
http://www.usatoday.com/story/tech/2012/12/10/google-bermuda-shell-company-2-billion-tax-dodge/1759833/
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18:04

KPMG allegedly involved in offshore tax "sham"

KPMG allegedly involved in offshore tax "sham"

KPMG allegedly involved in offshore tax "sham"

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
Click here for the full story: http://www.cbc.ca/1.3234876
»»» Subscribe to The National to watch more videos here: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1
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The National Updates on Facebook: https://www.facebook.com/thenational
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»»» »»» »»» »»» »»»
The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

5:08

Tax Havens • Explained With Maps

Tax Havens • Explained With Maps

Tax Havens • Explained With Maps

Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens?
Video transcript and images: http://explainedwithmaps.com/tax-havens/

4:12

Paradise Papers: Global elite used offshore accounts to avoid taxes

Paradise Papers: Global elite used offshore accounts to avoid taxes

Paradise Papers: Global elite used offshore accounts to avoid taxes

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a practice blamed for draining billions of dollars from national coffers. RT America’s Alex Mihailovich names the names listed in the leak.
Find RT America in your area: http://rt.com/where-to-watch/
Or watch us online: http://rt.com/on-air/rt-america-air/
Like us on Facebook http://www.facebook.com/RTAmerica
Follow us on Twitter http://twitter.com/RT_America

1:07

Ras Al Khaimah Company Formation | Low-cost Tax Shelter

Ras Al Khaimah Company Formation | Low-cost Tax Shelter

Ras Al Khaimah Company Formation | Low-cost Tax Shelter

https://www.varaluae.com/company-formation-in-dubai/freezone-company-in-uae/ras-al-khaimah-company-formation
Ras Al Khaimah company formation: RAKIA free zone start-up cost, documents required, employee visa
RAKIA free zone companies are absolutely tax free. No income, wealth, capital gains or sales taxes are levied.
Ras Al Khaimah company formation in Ras Al Khaimah Investment Authority (RAKIA) free zone starts at AED 21,000 [US$ 5,753], not including minimal office space for a commercial trading license. This financial fee goes up for different license types and company types and other license setup costs are more.
Ras Al Khaimah company formation register renewal fee starts at AED 15,000 [US$ 4110].
Documents required are:
Your passport
Utility bill from your residence as proof of address
Ras Al Khaimah company formation minimum capital accounts that is registered is around AED 150,000 [US$ 41,100]. However this need not be shown as paid. No proof is demanded. If there is only one shareholder, then personal presence is not required.
What if you need employee visas?
If you need any employee visas you need to have a shared flexi-desk established at about AED 8,000 [US$ 2,200] per annum terms. This allows you to be eligible for ownership of legal visas. The 1 year limit visa costs are around AED 5,500 [US$ 1,512].
RAKIA free zone foreign company formation fee for completing the licensing process is AED 13,000 [US$ 3562] but can be lower depending on your requirements. The cost of processing the visas is separate. For this fee you get an absolute commitment to ensure that your work is completed at the earliest possible.
The specific agent activities that you need to do in your company will define the kind of annual license you need for your users.

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man of...

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Ber...

published: 29 May 2017

How Tax Shelters Work

A peek inside the world of shadowy tax havens. The full story here: http://bit.ly/QFuqkX

published: 22 Sep 2012

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands...

How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboa...

published: 08 Oct 2012

KPMG offshore tax dodge

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
»»» Subscribe to The National to watch more videos here: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1
Voice Your Opinion & Connect With Us Online:
The National Updates on Facebook: https://www.facebook.com/thenational
The National Updates on Twitter: https://twitter.com/CBCTheNational
The National Updates on Google+: https://plus.google.com/+CBCTheNational
»»» »»» »»» »»» »»»
The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis ...

The new tax havens

American companies are finding new overseas tax havens to legally protect some of their profits from the U.S. tax rate of 35 percent, among the highest in the world. Lesley Stahl reports.

published: 15 Aug 2011

Google's $2 Billion Tax Shelter

"By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Google dodged about $2 billion in income taxes worldwide, Bloomberg News reports, citing financial records.
The off-shore tax shelter — legal in the United States and elsewhere — cut Google's tax rate nearly in half, Bloomberg says. Bermuda has no corporate income tax. Bloomberg says the amount saved was about 80% of the company's pre-tax profit."*
Google has employed some pretty impressive tricks in avoiding paying their taxes, keeping $2 billion they should have paid in taxes worldwide. But don't worry, someone else will pay the bill. Us. Will the U.S. government crack down on Google? Cenk Uygur knows the answer.
*Read more from Michael Winter/ USA Today:
http://www.usatoday.com/story/tech/2012/12/10/...

published: 11 Dec 2012

KPMG allegedly involved in offshore tax "sham"

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
Click here for the full story: http://www.cbc.ca/1.3234876
»»» Subscribe to The National to watch more videos here: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1
Voice Your Opinion & Connect With Us Online:
The National Updates on Facebook: https://www.facebook.com/thenational
The National Updates on Twitter: https://twitter.com/CBCTheNational
The National Updates on Google+: https://plus.google.com/+CBCTheNational
»»» »»» »»» »»» »»»
The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leadin...

published: 22 Sep 2015

Tax Havens • Explained With Maps

Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens?
Video transcript and images: http://explainedwithmaps.com/tax-havens/

published: 10 Jan 2015

Paradise Papers: Global elite used offshore accounts to avoid taxes

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a practice blamed for draining billions of dollars from national coffers. RT America’s Alex Mihailovich names the names listed in the leak.
Find RT America in your area: http://rt.com/where-to-watch/
Or watch us online: http://rt.com/on-air/rt-america-air/
Like us on Facebook http://www.facebook.com/RTAmerica
Follow us on Twitter http://twitter.com/RT_America

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it c...

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
Facebook : http://bit.ly/1UO9B8S
Twitter : http://bit.ly/237VM8P
Instagram : http://bit.ly/25W8SLs
About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
Facebook : http://bit.ly/1UO9B8S
Twitter : http://bit.ly/237VM8P
Instagram : http://bit.ly/25W8SLs
About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax haven...

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain typ...

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacad...

How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
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KPMG offshore tax dodge

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' design...

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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»»» »»» »»» »»» »»»
The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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»»» »»» »»» »»» »»»
The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

Google's $2 Billion Tax Shelter

"By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Google dodged about $2 billion in income taxes worldwide, Bloomberg News rep...

"By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Google dodged about $2 billion in income taxes worldwide, Bloomberg News reports, citing financial records.
The off-shore tax shelter — legal in the United States and elsewhere — cut Google's tax rate nearly in half, Bloomberg says. Bermuda has no corporate income tax. Bloomberg says the amount saved was about 80% of the company's pre-tax profit."*
Google has employed some pretty impressive tricks in avoiding paying their taxes, keeping $2 billion they should have paid in taxes worldwide. But don't worry, someone else will pay the bill. Us. Will the U.S. government crack down on Google? Cenk Uygur knows the answer.
*Read more from Michael Winter/ USA Today:
http://www.usatoday.com/story/tech/2012/12/10/google-bermuda-shell-company-2-billion-tax-dodge/1759833/
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"By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Google dodged about $2 billion in income taxes worldwide, Bloomberg News reports, citing financial records.
The off-shore tax shelter — legal in the United States and elsewhere — cut Google's tax rate nearly in half, Bloomberg says. Bermuda has no corporate income tax. Bloomberg says the amount saved was about 80% of the company's pre-tax profit."*
Google has employed some pretty impressive tricks in avoiding paying their taxes, keeping $2 billion they should have paid in taxes worldwide. But don't worry, someone else will pay the bill. Us. Will the U.S. government crack down on Google? Cenk Uygur knows the answer.
*Read more from Michael Winter/ USA Today:
http://www.usatoday.com/story/tech/2012/12/10/google-bermuda-shell-company-2-billion-tax-dodge/1759833/
SupportThe Young Turks by Subscribing http://www.youtube.com/user/theyoungturks
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KPMG allegedly involved in offshore tax "sham"

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under ...

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
Click here for the full story: http://www.cbc.ca/1.3234876
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
Click here for the full story: http://www.cbc.ca/1.3234876
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

Tax Havens • Explained With Maps

Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax haven...

Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens?
Video transcript and images: http://explainedwithmaps.com/tax-havens/

Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens?
Video transcript and images: http://explainedwithmaps.com/tax-havens/

Paradise Papers: Global elite used offshore accounts to avoid taxes

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a ...

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a practice blamed for draining billions of dollars from national coffers. RT America’s Alex Mihailovich names the names listed in the leak.
Find RT America in your area: http://rt.com/where-to-watch/
Or watch us online: http://rt.com/on-air/rt-america-air/
Like us on Facebook http://www.facebook.com/RTAmerica
Follow us on Twitter http://twitter.com/RT_America

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a practice blamed for draining billions of dollars from national coffers. RT America’s Alex Mihailovich names the names listed in the leak.
Find RT America in your area: http://rt.com/where-to-watch/
Or watch us online: http://rt.com/on-air/rt-america-air/
Like us on Facebook http://www.facebook.com/RTAmerica
Follow us on Twitter http://twitter.com/RT_America

https://www.varaluae.com/company-formation-in-dubai/freezone-company-in-uae/ras-al-khaimah-company-formation
Ras Al Khaimah company formation: RAKIA free zone start-up cost, documents required, employee visa
RAKIA free zone companies are absolutely tax free. No income, wealth, capital gains or sales taxes are levied.
Ras Al Khaimah company formation in Ras Al Khaimah Investment Authority (RAKIA) free zone starts at AED 21,000 [US$ 5,753], not including minimal office space for a commercial trading license. This financial fee goes up for different license types and company types and other license setup costs are more.
Ras Al Khaimah company formation register renewal fee starts at AED 15,000 [US$ 4110].
Documents required are:
Your passport
Utility bill from your residence as proof of address
Ras Al Khaimah company formation minimum capital accounts that is registered is around AED 150,000 [US$ 41,100]. However this need not be shown as paid. No proof is demanded. If there is only one shareholder, then personal presence is not required.
What if you need employee visas?
If you need any employee visas you need to have a shared flexi-desk established at about AED 8,000 [US$ 2,200] per annum terms. This allows you to be eligible for ownership of legal visas. The 1 year limit visa costs are around AED 5,500 [US$ 1,512].
RAKIA free zone foreign company formation fee for completing the licensing process is AED 13,000 [US$ 3562] but can be lower depending on your requirements. The cost of processing the visas is separate. For this fee you get an absolute commitment to ensure that your work is completed at the earliest possible.
The specific agent activities that you need to do in your company will define the kind of annual license you need for your users.

https://www.varaluae.com/company-formation-in-dubai/freezone-company-in-uae/ras-al-khaimah-company-formation
Ras Al Khaimah company formation: RAKIA free zone start-up cost, documents required, employee visa
RAKIA free zone companies are absolutely tax free. No income, wealth, capital gains or sales taxes are levied.
Ras Al Khaimah company formation in Ras Al Khaimah Investment Authority (RAKIA) free zone starts at AED 21,000 [US$ 5,753], not including minimal office space for a commercial trading license. This financial fee goes up for different license types and company types and other license setup costs are more.
Ras Al Khaimah company formation register renewal fee starts at AED 15,000 [US$ 4110].
Documents required are:
Your passport
Utility bill from your residence as proof of address
Ras Al Khaimah company formation minimum capital accounts that is registered is around AED 150,000 [US$ 41,100]. However this need not be shown as paid. No proof is demanded. If there is only one shareholder, then personal presence is not required.
What if you need employee visas?
If you need any employee visas you need to have a shared flexi-desk established at about AED 8,000 [US$ 2,200] per annum terms. This allows you to be eligible for ownership of legal visas. The 1 year limit visa costs are around AED 5,500 [US$ 1,512].
RAKIA free zone foreign company formation fee for completing the licensing process is AED 13,000 [US$ 3562] but can be lower depending on your requirements. The cost of processing the visas is separate. For this fee you get an absolute commitment to ensure that your work is completed at the earliest possible.
The specific agent activities that you need to do in your company will define the kind of annual license you need for your users.

Tax Week Karaoke Therapy from BIDaWIZ - Sweet Caroline

This Monday, we put on a free karaoke session to help the people of Philadelphia ease the tension and anxiety that goes with Tax Day (April 15th). While we were at it, we gave away $250 and helped a bunch of people wade through some tough questions. For more, check out www.bidawiz.com

Don McLean- American Pie (with Lyrics)

Click more info for description*
Please comment, rate, and subscribe. Thank you! Lyrics are also below-
A long, long time ago...
I can still remember
How that music used to make me smile.
And I knew if I had my chance
That I could make those people dance
And, maybe, they'd be happy for a while.
But february made me shiver
With every paper I'd deliver.
Bad news on the doorstep;
I couldn't take one more step.
I can't remember if I cried
When I read about his widowed bride,
But something touched me deep inside
The day the music died.
So bye-bye, miss american pie.
Drove my chevy to the levee,
But the levee was dry.
And them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die.
"this'll be the day that I die."
Did you write the b...

Tax Week Karaoke Therapy from BIDaWIZ - Sweet Caroline

This Monday, we put on a free karaoke session to help the people of Philadelphia ease the tension and anxiety that goes with Tax Day (April 15th). While we wer...

This Monday, we put on a free karaoke session to help the people of Philadelphia ease the tension and anxiety that goes with Tax Day (April 15th). While we were at it, we gave away $250 and helped a bunch of people wade through some tough questions. For more, check out www.bidawiz.com

This Monday, we put on a free karaoke session to help the people of Philadelphia ease the tension and anxiety that goes with Tax Day (April 15th). While we were at it, we gave away $250 and helped a bunch of people wade through some tough questions. For more, check out www.bidawiz.com

NoCopyrightSounds, music without limitations.
Listen on Spotify: http://spoti.fi/2gChNe6
FreeDownload: http://bit.ly/diviners-feat-contacreast-tropic-love
• NCS Spotify: http://spoti.fi/NCS
Our friend LarsM has teamed up with fellow Polish producer/DJ Kamil Pankowski to form Diviners and we're proud to represent their first release ‘Tropic Love’ on NCS. The melody will stay in your head for hours! Power vocals coming from Swedish producer/songwriter Joel (Contacreast) :)
Free Download @ http://bit.ly/DivinersTropicLoveDL
NCS
➞ Twitch http://twitch.tv/nocopyrightsounds
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Diviners
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➞ Twitter https://twitter.com/divinersmusic
➞ Instagram https://instagram.com/divinersmusic
Contacreast (vocalist)
➞ SoundCloud https://soundcloud.com/djcontacreast
NCS Playlists:
http://bit.ly/NCSdrumstep
http://bit.ly/MelodicDubstepNCS
http://bit.ly/NCShouse
http://bit.ly/NCSdubstep
http://bit.ly/NCSdrumandbass
http://bit.ly/NCStrap
http://bit.ly/NCShardstyle
NoCopyrightSounds is a music collective dedicated to releasing FREE music for the sole purpose of providing creators with the finest sounds to enhance the creativity and popularity of your content what is safe from any copyright infringement.
• NCS Music is free to use for independent Creators and their UGC (User Generated Content) on YouTube & Twitch - if you're a brand or a commercial organisation interested in using NCS music on YouTube or anywhere else, get in touch at licensing@nocopyrightsounds.co.uk
If you use our music you MUST in the description of your video:
1. Include the full title of the track. (Stating the music was provided by NCS)
2. Include a link to the track on NoCopyrightSounds YouTube.
3. Credit the artist(s) of the track by including their social network links.
BackgroundImage 'OceanUnderwater' Provided by DollarPhotoClub:
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If you're a brand or a commercial organisation interested in using NCS music on YouTube or anywhere else, get in touch at licensing[at]nocopyrightsounds.co.uk
Submit your demos: demos[at]nocopyrightsounds.co.uk

NoCopyrightSounds, music without limitations.
Listen on Spotify: http://spoti.fi/2gChNe6
FreeDownload: http://bit.ly/diviners-feat-contacreast-tropic-love
• NCS Spotify: http://spoti.fi/NCS
Our friend LarsM has teamed up with fellow Polish producer/DJ Kamil Pankowski to form Diviners and we're proud to represent their first release ‘Tropic Love’ on NCS. The melody will stay in your head for hours! Power vocals coming from Swedish producer/songwriter Joel (Contacreast) :)
Free Download @ http://bit.ly/DivinersTropicLoveDL
NCS
➞ Twitch http://twitch.tv/nocopyrightsounds
➞ Spotify http://spoti.fi/NCS
➞ SoundCloud http://soundcloud.com/nocopyrightsounds
➞ Facebook http://facebook.com/NoCopyrightSounds
➞ Twitter http://twitter.com/NCSounds
➞ Google+ http://google.com/+nocopyrightsounds
➞ Instagram http://instagram.com/nocopyrightsounds_
Diviners
➞ SoundCloud https://soundcloud.com/divinersmusic
➞ Facebook https://www.facebook.com/divinersmusic
➞ Twitter https://twitter.com/divinersmusic
➞ Instagram https://instagram.com/divinersmusic
Contacreast (vocalist)
➞ SoundCloud https://soundcloud.com/djcontacreast
NCS Playlists:
http://bit.ly/NCSdrumstep
http://bit.ly/MelodicDubstepNCS
http://bit.ly/NCShouse
http://bit.ly/NCSdubstep
http://bit.ly/NCSdrumandbass
http://bit.ly/NCStrap
http://bit.ly/NCShardstyle
NoCopyrightSounds is a music collective dedicated to releasing FREE music for the sole purpose of providing creators with the finest sounds to enhance the creativity and popularity of your content what is safe from any copyright infringement.
• NCS Music is free to use for independent Creators and their UGC (User Generated Content) on YouTube & Twitch - if you're a brand or a commercial organisation interested in using NCS music on YouTube or anywhere else, get in touch at licensing@nocopyrightsounds.co.uk
If you use our music you MUST in the description of your video:
1. Include the full title of the track. (Stating the music was provided by NCS)
2. Include a link to the track on NoCopyrightSounds YouTube.
3. Credit the artist(s) of the track by including their social network links.
BackgroundImage 'OceanUnderwater' Provided by DollarPhotoClub:
https://www.dollarphotoclub.com/stock-photo/Sea%20or%20ocean%20underwater%20deep%20nature%20background/79824432
Visualizer Provided by RustedMedia: http://youtube.com/rustedmedia
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
If you're a brand or a commercial organisation interested in using NCS music on YouTube or anywhere else, get in touch at licensing[at]nocopyrightsounds.co.uk
Submit your demos: demos[at]nocopyrightsounds.co.uk

"Steve Aoki – Just Hold On (Lyrics) ft. Louis Tomlinson" or "Louis Tomlinson – Just Hold On (Lyrics)" is a lyric video for an EDM track released by Ultra Music.
Join the Pixl Family: http://goo.gl/LljEPE
Pixl Networks Playlist: http://goo.gl/XxvpBk
Buy "Just Hold On – Steve Aoki (Lyrics)" on iTunes: http://goo.gl/NR1Tcm
Support Pixl Networks
http://youtube.com/pixlnetworks
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http://google.com/+pixlnetworks
Support Steve Aoki
http://soundcloud.com/steveaoki
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http://twitter.com/steveaoki
Support Louis Tomlinson
http://facebook.com/louis.tomlinson
http://twitter.com/louis_tomlinson
Just Hold On – Louis Tomlinson Lyrics:
[Verse 1: Louis Tomlinson]
Wish that you could build a time machine
So you could see
The things no one can see
Feels like you're standing on the edge
Looking at the stars
And wishing you were them
[Pre-Chorus: Louis Tomlinson]
‪What do you do when a chapter ends?‬
‪Do you close the book and never read it again?‬
‪Where do you go when your story's done?‬
‪You can be who you were or who you'll become‬
Oh-oh-oh, oh-oh-oh oh, if it all goes wrong‬
Oh-oh-oh, oh-oh-oh oh, darling just hold on‬
[Chorus: Louis Tomlinson]
‪The sun goes down and it comes back up‬
‪The world it turns no matter what‬
Oh-oh-oh, oh-oh-oh oh, if it all goes wrong
Darling, just hold on
[Post-Chorus: Louis Tomlinson]
Oh-oh-oh, oh-oh-oh oh, darling, just hold on
Oh-oh-oh, oh-oh-oh oh
[Verse 2: Louis Tomlinson]
It's not over 'til it's all been said‬
‪It's not over 'til your dying breath‬
‪So what do you want them to say when you're gone?‬
‪That you gave up or that you kept going on?‬
[Pre-Chorus: Louis Tomlinson]
‪What do you do when a chapter ends?‬
‪Do you close the book and never read it again?‬
‪Where do you go when your story's done?‬
‪You can be who you were or who you'll become‬
Oh-oh-oh, oh-oh-oh oh, ‪if it all goes wrong‬
Oh-oh-oh, oh-oh-oh oh, darling just hold on‬
[Chorus: Louis Tomlinson]
‪The sun goes down and it comes back up‬
‪The world it turns no matter what‬
Oh-oh-oh, oh-oh-oh oh, if it all goes wrong
Darling, just hold on
[Post-Chorus: Louis Tomlinson]
Oh-oh-oh, oh-oh-oh oh
Darling, just hold on
Oh-oh-oh, oh-oh-oh oh
If it all goes wrong
Oh-oh-oh, oh-oh-oh oh
Darling just hold on
[Outro: Louis Tomlinson]
Oh-oh-oh, oh-oh-oh oh
If it all goes wrong, darling just hold on
Artwork by Sylar113
http://sylar113.deviantart.com/art/sketch-Rocket-for-a-poet-410068003
Pixl Networks is an independent electronic music network featuring high-quality music from major record labels as well as rising artists. Subscribe to this channel to be updated with the latest and most diversified EDM or electronic dance music releases.
Submit your music: http://pixlnetworks.com/submit
In case of copyright issues, please contact copyright@pixlnetworks.com.

"Steve Aoki – Just Hold On (Lyrics) ft. Louis Tomlinson" or "Louis Tomlinson – Just Hold On (Lyrics)" is a lyric video for an EDM track released by Ultra Music.
Join the Pixl Family: http://goo.gl/LljEPE
Pixl Networks Playlist: http://goo.gl/XxvpBk
Buy "Just Hold On – Steve Aoki (Lyrics)" on iTunes: http://goo.gl/NR1Tcm
Support Pixl Networks
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Support Steve Aoki
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http://twitter.com/steveaoki
Support Louis Tomlinson
http://facebook.com/louis.tomlinson
http://twitter.com/louis_tomlinson
Just Hold On – Louis Tomlinson Lyrics:
[Verse 1: Louis Tomlinson]
Wish that you could build a time machine
So you could see
The things no one can see
Feels like you're standing on the edge
Looking at the stars
And wishing you were them
[Pre-Chorus: Louis Tomlinson]
‪What do you do when a chapter ends?‬
‪Do you close the book and never read it again?‬
‪Where do you go when your story's done?‬
‪You can be who you were or who you'll become‬
Oh-oh-oh, oh-oh-oh oh, if it all goes wrong‬
Oh-oh-oh, oh-oh-oh oh, darling just hold on‬
[Chorus: Louis Tomlinson]
‪The sun goes down and it comes back up‬
‪The world it turns no matter what‬
Oh-oh-oh, oh-oh-oh oh, if it all goes wrong
Darling, just hold on
[Post-Chorus: Louis Tomlinson]
Oh-oh-oh, oh-oh-oh oh, darling, just hold on
Oh-oh-oh, oh-oh-oh oh
[Verse 2: Louis Tomlinson]
It's not over 'til it's all been said‬
‪It's not over 'til your dying breath‬
‪So what do you want them to say when you're gone?‬
‪That you gave up or that you kept going on?‬
[Pre-Chorus: Louis Tomlinson]
‪What do you do when a chapter ends?‬
‪Do you close the book and never read it again?‬
‪Where do you go when your story's done?‬
‪You can be who you were or who you'll become‬
Oh-oh-oh, oh-oh-oh oh, ‪if it all goes wrong‬
Oh-oh-oh, oh-oh-oh oh, darling just hold on‬
[Chorus: Louis Tomlinson]
‪The sun goes down and it comes back up‬
‪The world it turns no matter what‬
Oh-oh-oh, oh-oh-oh oh, if it all goes wrong
Darling, just hold on
[Post-Chorus: Louis Tomlinson]
Oh-oh-oh, oh-oh-oh oh
Darling, just hold on
Oh-oh-oh, oh-oh-oh oh
If it all goes wrong
Oh-oh-oh, oh-oh-oh oh
Darling just hold on
[Outro: Louis Tomlinson]
Oh-oh-oh, oh-oh-oh oh
If it all goes wrong, darling just hold on
Artwork by Sylar113
http://sylar113.deviantart.com/art/sketch-Rocket-for-a-poet-410068003
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Don McLean- American Pie (with Lyrics)

Click more info for description*
Please comment, rate, and subscribe. Thank you! Lyrics are also below-
A long, long time ago...
I can still remember
Ho...

Click more info for description*
Please comment, rate, and subscribe. Thank you! Lyrics are also below-
A long, long time ago...
I can still remember
How that music used to make me smile.
And I knew if I had my chance
That I could make those people dance
And, maybe, they'd be happy for a while.
But february made me shiver
With every paper I'd deliver.
Bad news on the doorstep;
I couldn't take one more step.
I can't remember if I cried
When I read about his widowed bride,
But something touched me deep inside
The day the music died.
So bye-bye, miss american pie.
Drove my chevy to the levee,
But the levee was dry.
And them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die.
"this'll be the day that I die."
Did you write the book of love,
And do you have faith in God above,
If the Bible tells you so?
Do you believe in rock 'n roll,
Can music save your mortal soul,
And can you teach me how to dance real slow?
Well, I know that you're in love with him
`cause I saw you dancin' in the gym.
You both kicked off your shoes.
Man, I dig those rhythm and blues.
I was a lonely teenage broncin' buck
With a pink carnation and a pickup truck,
But I knew I was out of luck
The day the music died.
I started singin',
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
Now for ten years we've been on our own
And moss grows fat on a rollin' stone,
But that's not how it used to be.
When the jester sang for the king and queen,
In a coat he borrowed from james dean
And a voice that came from you and me,
Oh, and while the king was looking down,
The jester stole his thorny crown.
The courtroom was adjourned;
No verdict was returned.
And while lennon read a book of marx,
The quartet practiced in the park,
And we sang dirges in the dark
The day the music died.
We were singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
Helter skelter in a summer swelter.
The birds flew off with a fallout shelter,
Eight miles high and falling fast.
It landed foul on the grass.
The players tried for a forward pass,
With the jester on the sidelines in a cast.
Now the half-time air was sweet perfume
While the sergeants played a marching tune.
We all got up to dance,
Oh, but we never got the chance!
`cause the players tried to take the field;
The marching band refused to yield.
Do you recall what was revealed
The day the music died?
We started singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
Oh, and there we were all in one place,
A generation lost in space
With no time left to start again.
So come on: jack be nimble, jack be quick!
Jack flash sat on a candlestick
Cause fire is the devil's only friend.
Oh, and as I watched him on the stage
My hands were clenched in fists of rage.
No angel born in hell
Could break that satan's spell.
And as the flames climbed high into the night
To light the sacrificial rite,
I saw satan laughing with delight
The day the music died
He was singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
I met a girl who sang the blues
And I asked her for some happy news,
But she just smiled and turned away.
I went down to the sacred store
Where I'd heard the music years before,
But the man there said the music wouldn't play.
And in the streets: the children screamed,
The lovers cried, and the poets dreamed.
But not a word was spoken;
The church bells all were broken.
And the three men I admire most:
The father, son, and the holy ghost,
They caught the last train for the coast
The day the music died.
And they were singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
And them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die.
"this'll be the day that I die."
They were singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die."

Click more info for description*
Please comment, rate, and subscribe. Thank you! Lyrics are also below-
A long, long time ago...
I can still remember
How that music used to make me smile.
And I knew if I had my chance
That I could make those people dance
And, maybe, they'd be happy for a while.
But february made me shiver
With every paper I'd deliver.
Bad news on the doorstep;
I couldn't take one more step.
I can't remember if I cried
When I read about his widowed bride,
But something touched me deep inside
The day the music died.
So bye-bye, miss american pie.
Drove my chevy to the levee,
But the levee was dry.
And them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die.
"this'll be the day that I die."
Did you write the book of love,
And do you have faith in God above,
If the Bible tells you so?
Do you believe in rock 'n roll,
Can music save your mortal soul,
And can you teach me how to dance real slow?
Well, I know that you're in love with him
`cause I saw you dancin' in the gym.
You both kicked off your shoes.
Man, I dig those rhythm and blues.
I was a lonely teenage broncin' buck
With a pink carnation and a pickup truck,
But I knew I was out of luck
The day the music died.
I started singin',
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
Now for ten years we've been on our own
And moss grows fat on a rollin' stone,
But that's not how it used to be.
When the jester sang for the king and queen,
In a coat he borrowed from james dean
And a voice that came from you and me,
Oh, and while the king was looking down,
The jester stole his thorny crown.
The courtroom was adjourned;
No verdict was returned.
And while lennon read a book of marx,
The quartet practiced in the park,
And we sang dirges in the dark
The day the music died.
We were singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
Helter skelter in a summer swelter.
The birds flew off with a fallout shelter,
Eight miles high and falling fast.
It landed foul on the grass.
The players tried for a forward pass,
With the jester on the sidelines in a cast.
Now the half-time air was sweet perfume
While the sergeants played a marching tune.
We all got up to dance,
Oh, but we never got the chance!
`cause the players tried to take the field;
The marching band refused to yield.
Do you recall what was revealed
The day the music died?
We started singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
Oh, and there we were all in one place,
A generation lost in space
With no time left to start again.
So come on: jack be nimble, jack be quick!
Jack flash sat on a candlestick
Cause fire is the devil's only friend.
Oh, and as I watched him on the stage
My hands were clenched in fists of rage.
No angel born in hell
Could break that satan's spell.
And as the flames climbed high into the night
To light the sacrificial rite,
I saw satan laughing with delight
The day the music died
He was singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
I met a girl who sang the blues
And I asked her for some happy news,
But she just smiled and turned away.
I went down to the sacred store
Where I'd heard the music years before,
But the man there said the music wouldn't play.
And in the streets: the children screamed,
The lovers cried, and the poets dreamed.
But not a word was spoken;
The church bells all were broken.
And the three men I admire most:
The father, son, and the holy ghost,
They caught the last train for the coast
The day the music died.
And they were singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
And them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die.
"this'll be the day that I die."
They were singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die."

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

3:00

Paradise Papers: How tax havens work and why they are a problem

Tax havens and offshore accounts and trusts, detailed in the Paradise Papers, are used by ...

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

1:44

How Tax Shelters Work

A peek inside the world of shadowy tax havens. The full story here: http://bit.ly/QFuqkX

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
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3:11

KPMG offshore tax dodge

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people...

KPMG offshore tax dodge

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

Google's $2 Billion Tax Shelter

"By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Google dodged about $2 billion in income taxes worldwide, Bloomberg News reports, citing financial records.
The off-shore tax shelter — legal in the United States and elsewhere — cut Google's tax rate nearly in half, Bloomberg says. Bermuda has no corporate income tax. Bloomberg says the amount saved was about 80% of the company's pre-tax profit."*
Google has employed some pretty impressive tricks in avoiding paying their taxes, keeping $2 billion they should have paid in taxes worldwide. But don't worry, someone else will pay the bill. Us. Will the U.S. government crack down on Google? Cenk Uygur knows the answer.
*Read more from Michael Winter/ USA Today:
http://www.usatoday.com/story/tech/2012/12/10/google-bermuda-shell-company-2-billion-tax-dodge/1759833/
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KPMG allegedly involved in offshore tax "sham"

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
Click here for the full story: http://www.cbc.ca/1.3234876
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

5:08

Tax Havens • Explained With Maps

Tax havens play an important role in the globalization of capital markets, but also threat...

Tax Havens • Explained With Maps

Tax havens play an important role in the globalization of capital markets, but also threaten their stability and structure. What are the properties of tax havens? How profit private persons, companies and the organized crime from tax havens?
Video transcript and images: http://explainedwithmaps.com/tax-havens/

4:12

Paradise Papers: Global elite used offshore accounts to avoid taxes

The so-called "Paradise Papers," a leak of 13.4 million files, have named people and compa...

Paradise Papers: Global elite used offshore accounts to avoid taxes

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a practice blamed for draining billions of dollars from national coffers. RT America’s Alex Mihailovich names the names listed in the leak.
Find RT America in your area: http://rt.com/where-to-watch/
Or watch us online: http://rt.com/on-air/rt-america-air/
Like us on Facebook http://www.facebook.com/RTAmerica
Follow us on Twitter http://twitter.com/RT_America

Ras Al Khaimah Company Formation | Low-cost Tax Shelter

https://www.varaluae.com/company-formation-in-dubai/freezone-company-in-uae/ras-al-khaimah-company-formation
Ras Al Khaimah company formation: RAKIA free zone start-up cost, documents required, employee visa
RAKIA free zone companies are absolutely tax free. No income, wealth, capital gains or sales taxes are levied.
Ras Al Khaimah company formation in Ras Al Khaimah Investment Authority (RAKIA) free zone starts at AED 21,000 [US$ 5,753], not including minimal office space for a commercial trading license. This financial fee goes up for different license types and company types and other license setup costs are more.
Ras Al Khaimah company formation register renewal fee starts at AED 15,000 [US$ 4110].
Documents required are:
Your passport
Utility bill from your residence as proof of address
Ras Al Khaimah company formation minimum capital accounts that is registered is around AED 150,000 [US$ 41,100]. However this need not be shown as paid. No proof is demanded. If there is only one shareholder, then personal presence is not required.
What if you need employee visas?
If you need any employee visas you need to have a shared flexi-desk established at about AED 8,000 [US$ 2,200] per annum terms. This allows you to be eligible for ownership of legal visas. The 1 year limit visa costs are around AED 5,500 [US$ 1,512].
RAKIA free zone foreign company formation fee for completing the licensing process is AED 13,000 [US$ 3562] but can be lower depending on your requirements. The cost of processing the visas is separate. For this fee you get an absolute commitment to ensure that your work is completed at the earliest possible.
The specific agent activities that you need to do in your company will define the kind of annual license you need for your users.

Tax Week Karaoke Therapy from BIDaWIZ - Sweet Caroline

This Monday, we put on a free karaoke session to help the people of Philadelphia ease the tension and anxiety that goes with Tax Day (April 15th). While we were at it, we gave away $250 and helped a bunch of people wade through some tough questions. For more, check out www.bidawiz.com

3:36

Delusion Tax | acoustic 妄想税 (Mousou Zei) 【Off Vocal】

Original video : http://www.nicovideo.jp/watch/sm23393297
For those who need it, but can'...

Diviners feat. Contacreast - Tropic Love [NCS Release]

NoCopyrightSounds, music without limitations.
Listen on Spotify: http://spoti.fi/2gChNe6
FreeDownload: http://bit.ly/diviners-feat-contacreast-tropic-love
• NCS Spotify: http://spoti.fi/NCS
Our friend LarsM has teamed up with fellow Polish producer/DJ Kamil Pankowski to form Diviners and we're proud to represent their first release ‘Tropic Love’ on NCS. The melody will stay in your head for hours! Power vocals coming from Swedish producer/songwriter Joel (Contacreast) :)
Free Download @ http://bit.ly/DivinersTropicLoveDL
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Contacreast (vocalist)
➞ SoundCloud https://soundcloud.com/djcontacreast
NCS Playlists:
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http://bit.ly/MelodicDubstepNCS
http://bit.ly/NCShouse
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NoCopyrightSounds is a music collective dedicated to releasing FREE music for the sole purpose of providing creators with the finest sounds to enhance the creativity and popularity of your content what is safe from any copyright infringement.
• NCS Music is free to use for independent Creators and their UGC (User Generated Content) on YouTube & Twitch - if you're a brand or a commercial organisation interested in using NCS music on YouTube or anywhere else, get in touch at licensing@nocopyrightsounds.co.uk
If you use our music you MUST in the description of your video:
1. Include the full title of the track. (Stating the music was provided by NCS)
2. Include a link to the track on NoCopyrightSounds YouTube.
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"Steve Aoki – Just Hold On (Lyrics) ft. Louis Tomlinson" or "Louis Tomlinson – Just Hold On (Lyrics)" is a lyric video for an EDM track released by Ultra Music.
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Just Hold On – Louis Tomlinson Lyrics:
[Verse 1: Louis Tomlinson]
Wish that you could build a time machine
So you could see
The things no one can see
Feels like you're standing on the edge
Looking at the stars
And wishing you were them
[Pre-Chorus: Louis Tomlinson]
‪What do you do when a chapter ends?‬
‪Do you close the book and never read it again?‬
‪Where do you go when your story's done?‬
‪You can be who you were or who you'll become‬
Oh-oh-oh, oh-oh-oh oh, if it all goes wrong‬
Oh-oh-oh, oh-oh-oh oh, darling just hold on‬
[Chorus: Louis Tomlinson]
‪The sun goes down and it comes back up‬
‪The world it turns no matter what‬
Oh-oh-oh, oh-oh-oh oh, if it all goes wrong
Darling, just hold on
[Post-Chorus: Louis Tomlinson]
Oh-oh-oh, oh-oh-oh oh, darling, just hold on
Oh-oh-oh, oh-oh-oh oh
[Verse 2: Louis Tomlinson]
It's not over 'til it's all been said‬
‪It's not over 'til your dying breath‬
‪So what do you want them to say when you're gone?‬
‪That you gave up or that you kept going on?‬
[Pre-Chorus: Louis Tomlinson]
‪What do you do when a chapter ends?‬
‪Do you close the book and never read it again?‬
‪Where do you go when your story's done?‬
‪You can be who you were or who you'll become‬
Oh-oh-oh, oh-oh-oh oh, ‪if it all goes wrong‬
Oh-oh-oh, oh-oh-oh oh, darling just hold on‬
[Chorus: Louis Tomlinson]
‪The sun goes down and it comes back up‬
‪The world it turns no matter what‬
Oh-oh-oh, oh-oh-oh oh, if it all goes wrong
Darling, just hold on
[Post-Chorus: Louis Tomlinson]
Oh-oh-oh, oh-oh-oh oh
Darling, just hold on
Oh-oh-oh, oh-oh-oh oh
If it all goes wrong
Oh-oh-oh, oh-oh-oh oh
Darling just hold on
[Outro: Louis Tomlinson]
Oh-oh-oh, oh-oh-oh oh
If it all goes wrong, darling just hold on
Artwork by Sylar113
http://sylar113.deviantart.com/art/sketch-Rocket-for-a-poet-410068003
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Don McLean- American Pie (with Lyrics)

Click more info for description*
Please comment, rate, and subscribe. Thank you! Lyrics are also below-
A long, long time ago...
I can still remember
How that music used to make me smile.
And I knew if I had my chance
That I could make those people dance
And, maybe, they'd be happy for a while.
But february made me shiver
With every paper I'd deliver.
Bad news on the doorstep;
I couldn't take one more step.
I can't remember if I cried
When I read about his widowed bride,
But something touched me deep inside
The day the music died.
So bye-bye, miss american pie.
Drove my chevy to the levee,
But the levee was dry.
And them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die.
"this'll be the day that I die."
Did you write the book of love,
And do you have faith in God above,
If the Bible tells you so?
Do you believe in rock 'n roll,
Can music save your mortal soul,
And can you teach me how to dance real slow?
Well, I know that you're in love with him
`cause I saw you dancin' in the gym.
You both kicked off your shoes.
Man, I dig those rhythm and blues.
I was a lonely teenage broncin' buck
With a pink carnation and a pickup truck,
But I knew I was out of luck
The day the music died.
I started singin',
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
Now for ten years we've been on our own
And moss grows fat on a rollin' stone,
But that's not how it used to be.
When the jester sang for the king and queen,
In a coat he borrowed from james dean
And a voice that came from you and me,
Oh, and while the king was looking down,
The jester stole his thorny crown.
The courtroom was adjourned;
No verdict was returned.
And while lennon read a book of marx,
The quartet practiced in the park,
And we sang dirges in the dark
The day the music died.
We were singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
Helter skelter in a summer swelter.
The birds flew off with a fallout shelter,
Eight miles high and falling fast.
It landed foul on the grass.
The players tried for a forward pass,
With the jester on the sidelines in a cast.
Now the half-time air was sweet perfume
While the sergeants played a marching tune.
We all got up to dance,
Oh, but we never got the chance!
`cause the players tried to take the field;
The marching band refused to yield.
Do you recall what was revealed
The day the music died?
We started singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
Oh, and there we were all in one place,
A generation lost in space
With no time left to start again.
So come on: jack be nimble, jack be quick!
Jack flash sat on a candlestick
Cause fire is the devil's only friend.
Oh, and as I watched him on the stage
My hands were clenched in fists of rage.
No angel born in hell
Could break that satan's spell.
And as the flames climbed high into the night
To light the sacrificial rite,
I saw satan laughing with delight
The day the music died
He was singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
And singin', "this'll be the day that I die.
"this'll be the day that I die."
I met a girl who sang the blues
And I asked her for some happy news,
But she just smiled and turned away.
I went down to the sacred store
Where I'd heard the music years before,
But the man there said the music wouldn't play.
And in the streets: the children screamed,
The lovers cried, and the poets dreamed.
But not a word was spoken;
The church bells all were broken.
And the three men I admire most:
The father, son, and the holy ghost,
They caught the last train for the coast
The day the music died.
And they were singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
And them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die.
"this'll be the day that I die."
They were singing,
"bye-bye, miss american pie."
Drove my chevy to the levee,
But the levee was dry.
Them good old boys were drinkin' whiskey and rye
Singin', "this'll be the day that I die."

3:38

The Rolling Stones - Bitch - Lyrics

The Rolling Stones Bitch with lyrics
The song is from the album Sticky Fingers (1971)
...

Maroon 5 - What Lovers Do (Lyric Video) ft. SZA...

Tinashe - Company...

【Acoustic】 Inokori Sensei イノコリ先生 【Off Vocal】...

Tax Shelter

Another vacant building is a tax shelter and nothing moreCemented doors and windows keeping out the poorWhat purpose does it serve to keep these buildings emplyDestroying our community to protect abandoned propertyFunctioning as financial loopholes instead of the housing they could makeBecause those owning empty buildings claim a generous government tax breakSo is housing just a luxury to b enjoyed by the upper classAnother right you don't deserve if you haven't got the cashThe trouble with ruling class financial tacticsIs that it's the people who need shelter not their taxesDestruciton described as progress evicting people from their shelterRenovating and rebuilding under the guise of making cities betterBut who does this progress better by putting people in the streetHas it benefitted the community when construction is completeHousing is not a privledge, not a luxury but a rightcommunities don't function any better with their problems out of sightOur communities consise of more than concrete, brick and steelIt's made up of people including the homeless they concealThe trouble with ruling class financial tacticsIs that it's the people who need the shelter not their taxesEvery inch of established land got that way by means of forceAnd by paying rent were forced to contribute to that sourceWith our communities our people suffer under this establishmentIt's not about housing these are human rights they make us rentOnly the landlords profit as our lives are sold and boughtAnd those who fight this process get evicted from their squatSo while our leaders carry out these unjust squat evictionsThey prove that freedom can't exist under capitalist conditionsThe trouble with ruling class financial tactics

It turns out that a theory explaining how we might detect parallel universes and prediction for the end of the world was proposed and completed by physicist Stephen Hawking shortly before he died ... &nbsp;. According to reports, the work predicts that the universe would eventually end when stars run out of energy ... ....

Article by WN.Com Correspondent Dallas DarlingIt wasn’t very long ago Republicans were accusing Democrats of either paying a few dollars to the homeless for votes or giving them a pack of cigarettes. But with Donald Trump, it’s obvious he paid $130,000 to an adult-film star in exchange for her silence last October and just before the general election ... Was the payment from his own account – or from a lawyer – or from campaign donations....

Using e-cigarettes may lead to an accumulation of fat in the liver, a study of mice exposed to the devices suggests. “The popularity of electronic cigarettes has been rapidly increasing in part because of advertisements that they are safer than conventional cigarettes ... Friedman of Charles R. Drew University of Medicine and Science in Los Angeles, California ... Circadian rhythm dysfunction is known to accelerate liver disease....

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Investing in an ISA is a great way of building up investments tax efficiently ... Invest tax-efficiently and use your capital gains allowance ... The sale crystallises any capital gain or loss made, so selling or partially selling an existing investment could help with tax planning by using some of your capital gains allowance while keeping your holding ... Tax rules can change and the benefit of taxshelters depends on circumstances....

“The Storm” ... JESUS! ... He wanted to abolish the Federal Reserve, ban interest on loans, forgive all consumer debt, go back to the gold standard, and establish a national sales tax ... They spun a mythology of secret 1-800 numbers, nondisclosure agreements, undiscovered mineral riches, and government taxshelters set up for dinar windfalls There were even books written about how to manage the “wonderful wealth” that the dinar RV would bring ... ....

Hawaii’s tax receipts are healthier than expected ...Despite the pending launch of campaign season, lawmakers want to capture the taxes that Hawaii has missed, without dunning the average member of the voting public ... Would disabling this taxshelter discourage new investment in Hawaii properties? Or are new REITs likely to be corporations, already paying income taxes, converting to avoid income tax liability in this state?....

So it’s time to look back on just what every squad did this winter and hand out grades for the moves made—or, in some cases, for those they failed to make. Next up ... 2017 Record ... The team’s only move of note was to function as a sort of on-field taxshelter for the Dodgers, taking on the contracts of Kazmir, McCarthy and, for about a day or so, Adrian Gonzalez in exchange for unloading Kemp and the $30 million or so left on his deal ... D ... ....

Damin was set up as a lightly financed tax-sheltered operation that benefited from lavish state of New Jersey subsidies ...Having a tax cheat in the White House four decades ago and another a heartbeat away was bad enough....

The IRS reviewed 1.03 million tax returns in fiscal year (FY) 2016, resulting in a low audit rate of 0.7% ... Wealthier Americans have more potential deductions and taxshelters to claim and more complicated tax forms in general, thus it is reasonable that their forms receive more scrutiny ... Low incomes receive more scrutiny to verify that the Earned Income TaxCredit is not being falsely claimed and that income is not being underreported....

by Ilya Marritz, WNYC... The committee’s tax filing showed that $26 million of the spending went to an event planning firm started in December by a friend of the first lady ... The tax filing doesn’t show spending by subcontractors, nor is it required to do so ... The committee’s treasurer, Doug Ammerman, was named by prosecutors as an unindicted co-conspirator in a taxshelter fraud in the early 2000s, according to The Wall Street Journal ... ....

Additionally, if one uses the same type of index as a default that a long-term investor would, and invests in tax-sheltered accounts, then long-term investing offers no real advantage over medium-term investing if one assumes the medium-term investor has slightly above average skill and temperament, combined with some free time....

Were the bad loans at Wilmington Trust Corp. nearly a decade ago part of a multi-million-dollar fraud perpetrated by top executives to enrich themselves — or was it all just business as usual for American bankers? ... banking in the late 2000s ... But in 2010 it was forced to sell its assets, including branches across Delaware and southeastern Pennsylvania and tax-shelter offices from London to Las Vegas, to Buffalo-based M&T Corp....

“The state did not want to turn into a shelter for money launderers ... Asked about the risk of creating a taxshelter, the lawyer answered that. “The tax authorities are the first to deal with the crypto coins, and if they think there is a problem with a taxshelter, they can fix it right away. Now the intention is to raise $30 million, that’s not exactly the amount of a taxshelter....

(Broadtree) is a private real estate investment trust (REIT) designed to provide shareholders with predictable, tax-sheltered cash flow, and generate attractive total returns via investment in a diversified portfolio of multifamily apartment communities ... a significant taxable gain in a cash sale of a highly appreciated property with a low tax basis....

It�stax season, and rather than using your tax refund to buy a new couch or take a vacation, you decide to donate it to a charitable cause ...TitusIII, CPA, PFS, AIFA, Founding Member of AMDG Financial in Plymouth, said that depending on your individual situation and the new tax laws, you may not be able to deduct that donation next year ... That�s to help ensure the government gets tax revenue from tax-sheltered retirement accounts....